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GDP to grow 0.6%, unemployment to dip in 2014 says IMF

'Greece to outpace Italy next year'

24 March, 17:45
GDP to grow 0.6%, unemployment to dip in 2014 says IMF (see related) (ANSA) - Rome, March 24 - The International Monetary Fund on Monday forecast Italy's gross domestic product to grow by 0.6% in 2014 and another 1.1% in 2015. According to the figures, which were part of the IMF's semiannual World Economic Outlook, Italy's economy will grow this year at the same rate as Greece's. But in 2015, Greece will grow much faster, by 2.9%. Meanwhile unemployment in Italy is expected to drop from a current 12.9% to 12.4% this year and to 11.9% next year. Measures to "jump-start" the credit supply in Italy could boost gross domestic product (GDP) by 2% or more, the IMF said. Freer flows of credit could also boost growth in Ireland, France and Spain, said the IMF.

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